Want to reward staff without adding to payroll cost? Here’s how to do it
With businesses increasing feeling the economic pinch, this article looks at how to reward staff without having to increase salaries:
Additional holiday leave
An excellent way to thank staff is to offer additional holiday entitlement. This can be seen as a major staff perk and is likely to retain valued employees seeking a work-life balance.
Examining Job Titles
There are various motivators in work, and some staff are motivated by status; thus looking at job titles and formalising structures can make people feel valued and important to their employer.
Offering training can be a great alternative to a pay rise – upskilling your workforce is crucial and in turn, your employee gets a number of new skills they might not have achieved without you.
Sometimes a staff social event is a great way to say thank you. Summer barbecues and get togethers can really help team working as well as making people feel valued.
Spruce up the Office
It has been shown that pleasant working environments aid productivity. A lick of paint and upgrading chairs doesn’t cost a fortune but helps engender pride in the workplace.
Think about how you can offer flexibility in working – whether it is looking at changing hours to accommodate school holidays, or allowing home working in particular circumstances.